China swaps Russia for Kazakhstan: Xiaomi and TCL shift production
Chinese brands Xiaomi and TCL are moving their production from Russia to Kazakhstan due to sanctions risks. Products manufactured in Kazakhstan will be 10-20% more expensive.
Chinese brands Xiaomi and TCL decided to move their production from Russia to Kazakhstan amid growing sanctions risks. As a result of this move, the brands stopped supplying their components to Russian contract manufacturers.
TV brand TCL has already started the process of moving its production to Kazakhstan. Experts believe that products manufactured in Kazakhstan will cost 10-20% more when imported into Russia. This is due to additional logistics and production costs.
Following TCL, Xiaomi plans to move its production facilities to Kazakhstan. This step is associated with the need to minimize the risks associated with international sanctions, and to maintain the stability of supply.
Relocation of production from Russia to Kazakhstan may lead to significant changes in the market of home appliances and electronics, and will cause changes in pricing policy. Users should be prepared for a possible increase in prices for products of these brands.